Cabinet gave ex-post-facto approval on the Memorandum of Cooperation between India and Bill & Melinda Gates Foundation (BMGF) on cooperation in the field of Health

The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, has given its ex-post-facto approval on the Memorandum of Cooperation (MoC) between Department of Health & Family Welfare (DOHFW), Government of India and Bill & Melinda Gates Foundation (BMGF) on cooperation in the field of Health signed in November, 2019 during the visit of Mr. Bill Gates, Co-Chair and Trustee of BMGF to Delhi.

The Memorandum of Cooperation (MoC) covers the following areas of cooperation:-

a)     To reduce maternal, neonatal and child morbidity and mortality, improve key nutrition outcomes, by improving the reach, coverage and quality of essential primary health, immunization and nutrition services.

b)     To increase the basket of choice and quality for family planning methods, specially for reversible methods, and increase access amongst younger women.

c)     To reduce the burden of select infectious diseases [TB, Visceral Leishmaniasis (VL), Lymphatic Filariasis(LF)].

d)     To strengthen health systems, including aspects such as budget utilization, management and skills of human resources for health, digital health, strengthening supply chains and monitoring systems.

 

A Program Action Committee (PAC) will be set up to further elaborate the details of cooperation and to oversee the implementation of this Memorandum of Cooperation.

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VRRK/SC

Cabinet apprised of information about amendments to the Motor Vehicles (Amendment) Bill, 2019

The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, has been apprised of information about the amendments moved to the Motor Vehicles (Amendment) Bill, 2019 as passed by the Rajya Sabha.

Amendments will ensure concurrence of the State Governments while formulating National Transport Policy and making schemes for national, multimodal and inter-state transportation of goods and passengers by the Central Government.

Background

The Motor Vehicles (Amendment) Bill, 2019 was approved by the Cabinet in its meeting held on 24th June, 2019 for re-introduction in the Lok Sabha. The Motor Vehicles (Amendment) Bill, 2019 was passed in the Lok Sabha on 23rd July, 2019.  Later, the Bill was taken into consideration in Rajya Sabha on 31st July, 2019.  The Bill with the official amendments was passed by the Rajya Sabha on 31st July, 2019.  Further, the amendments were placed before the Lok Sabha and were passed in the Lok Sabha on 5th August, 2019.

 

 

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Cabinet approves Memorandum of Understanding between India and Sweden on cooperation in Polar Science

The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, has been apprised of the Agreement on cooperation in polar science between Ministry of Earth Sciences (MoES), India and Ministry of Education and Research, Sweden. The Memorandum of Understanding (MoU) was signed on 2nd December 2019 during the visit of Their Majesties of the Kingdom of Sweden to India.

 

India and Sweden are both signatories to the Antarctic Treaty and to the Protocol to the Antarctic Treaty on Environmental Protection. Sweden as one of the eight “Arctic States” is one of the Member State in the Arctic Council whereas India has the Observer Status in the Arctic Council. Sweden has a vigorous scientific program in the Polar Regions, both in Arctic and Antarctic. India likewise, has sustained scientific research programs in both the Polar Regions as well as in the oceanic realm.

 

The collaboration between India and Sweden in polar science will enable sharing of the expertise available with both Countries.

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VRRK/SC

Cabinet approves agreement between India and Mongolia on Cooperation in the Exploration and Uses of Outer Space for Peaceful and Civilian Purposes

The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, has given its approval for an Agreement between Government of the Republic of India and Government of Mongolia on Cooperation in the Exploration and Uses of Outer Space for Peaceful and Civilian Purposes.

The Agreement was signed at New Delhi on 20 September 2019 during the state visit of the President of Mongolia to India.

Details:

•   This Agreement shall enable pursuing the following potential interest areas of cooperation such as, space science, technology and applications including remote sensing of the earth; satellite communication and satellite based navigation; Space science and planetary exploration; use of spacecraft and space systems and ground system; and application of space technology.

 

•    The Agreement would lead to set up a Joint Working Group, drawing members from DOS/ISRO and Communications and Information Technology Authority of the Government of Mongolia, which will further work out the plan of action including the time-frame and the means of implementing this Agreement.

 

Financial Implications:

The financial arrangements to cover expenses for the co-operative activities undertaken within the framework of this Agreement will be jointly decided by the respective Participants on a case-by-case basis subject to the availability of funds.

 

 

 

Benefits:

Cooperation with and the Government of Mongolia through this Agreement would lead to develop a joint activity in the field of application of space technologies for the benefit of humanity. Thus all sections and regions of the country will get benefited.

 

Implementation Strategy and Targets:

The signed Agreement would lead to concluding specific implementing Arrangement and setting up of Joint Working Group, to work out the plan of action including the time-frame and the means of implementing this Agreement.

 

Impact:

The signed Agreement will provide impetus to explore newer research activities and application possibilities in the field of remote sensing of the earth; satellite communication; satellite navigation; space science and exploration of outer space.

 

Background:

•    Department of Space (DOS) and the Mongolian Ministry of Infrastructure signed an ‘Agreement for cooperation in space science, technology and applications’ on January 15, 2004. Apart from training of Mongolian officials on space technology application, no major cooperative activities have been taken up. When our Embassy in Mongolia was contacted for reviving the cooperation, it is understood that Mongolian Ministry of Infrastructure is abolished and the space activities are presently handled by Communication and Information Technology Authority (CITA) of Mongolia.

 

•    Embassy has further mentioned that, high level delegation from Mongolia is expected to visit India during September 2019 and space cooperation would be one of the agenda. Embassy requested ISRO to share a draft Agreement on space cooperation for further taking up with CITA. Accordingly, a draft Agreement for India-Mongolia Space cooperation was drafted and shared with

Embassy, with approval of Chairman, ISRO/ Secretary, DOS. Subsequently, Mongolian side has given its concurrence and both sides have arrived at workable version and proposed to sign the agreement during high level delegation visit from Mongolia.

 

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First Advance Estimates of National Income, 2019-20

The National Statistical Office (NSO), Ministry of Statistics and Programme Implementation has released the First Advance Estimates of National Income at both Constant (2011-12) and Current Prices, for the financial year 2019-20 along with the corresponding estimates of expenditure components of the Gross Domestic Product (GDP).

 

2.         The First Advance Estimates of GDP have been released in accordance with the release calendar of National Accounts. The approach for compiling the Advance Estimates is based on Benchmark-Indicator method. The sector-wise Estimates are obtained by extrapolation of  indicators like (i) Index of Industrial Production (IIP) of first 7 months of the financial year, (ii) financial performance of Listed Companies in the Private Corporate sector available upto quarter ending September, 2019 (iii) 1st Advance Estimates of Crop production, (iv) accounts of  Central & State Governments, information on indicators like Deposits & Credits, Passenger and Freight earnings of Railways, Passengers and Cargo handled by Civil Aviation, Cargo handled at major Sea Ports, Sales of Commercial Vehicles, etc., available for first 8 months of the financial year. With the introduction of Goods and Services Tax (GST) from 1st July 2017 and consequent changes in the tax structure, the total Tax Revenue used for GDP compilation include non-GST revenue and GST revenue. For the year 2019-20, the Budget Estimates of Tax Revenue as provided by Controller General of Accounts (CGA) have been used for estimating taxes on products at Current Prices.  For compiling taxes on products at Constant Prices, volume extrapolation is done using volume growth of taxed goods and services and aggregated to get the total volume of taxes. Annual forecast of indicators which are available for first 7 / 8 months is based on Regression using seasonal dummies to account for seasonal fluctuations or some indicators like IIP have been compiled by dividing the cumulative value for the first 7 months of the current financial year by average of ratio of cumulative value of 7 months to the annual value of past years. The salient features of the Estimates are detailed below:

 

  1. ESTIMATES AT CONSTANT (2011-12) PRICES

Gross Domestic Product

3.        Real GDP or GDP at Constant Prices (2011-12) in the year 2019-20 is likely to attain a level of ₹147.79 lakh crore, as against the Provisional Estimate of GDP for the year 2018-19 of ₹140.78 lakh crore, released on 31st May 2019. The growth in real GDP during 2019-20 is estimated at 5.0 per cent as compared to the growth rate of 6.8 per cent in 2018-19.

 

Gross Value Added (GVA) at Basic Prices

4.         Real GVA at Basic Prices is estimated to increase from ₹129.07 lakh crore in 2018-19 to ₹135.40 lakh crore in 2019-20. Estimated growth of real GVA in 2019-20 is 4.9 per cent as against 6.6 per cent in 2018-19.

5.         The sectors which registered growth rate of over 4.9 percent are, ‘Electricity, Gas, Water Supply and Other Utility Services’, ‘Trade, Hotels, Transport, Communication and Services related to Broadcasting’, ‘Financial, Real Estate and Professional Services’ and ‘Public Administration, Defence and Other Services’ at 5.4 per cent, 5.9 per cent, 6.4 per cent, 9.1 per cent respectively. The growth in the ‘Agriculture, Forestry and Fishing’, ‘Mining and Quarrying’, ‘Manufacturing’ and ‘Construction’ is estimated to be 2.8 per cent, 1.5 per cent, 2.0 per cent and 3.2 per cent respectively.

 

Agriculture, Forestry and Fishing

6.         GVA at Basic Prices for 2019-20 from ‘Agriculture, Forestry and Fishing’ sector is estimated to grow by 2.8 per cent as compared to growth of 2.9 per cent in 2018-19. The GVA estimates of this sector are based on 1st advance estimates of agricultural production during Kharif season of 2019-20 obtained from the Ministry of Agriculture & Farmer Welfare. For Livestock sector, estimates of production of major livestock products (i.e. Milk, Egg, Meat and Wool) obtained from the Department of Animal Husbandry & Dairying and Fish production data obtained from Department of Fisheries have been used. The crops including fruits and vegetables account for about 56 per cent, the livestock products 30 per cent and forestry & fisheries 14 per cent share of GVA in total GVA of ‘Agriculture, Forestry and Fishing’ sector.

 

Mining and Quarrying

7.         GVA at Basic Prices for 2019-20 from ‘Mining and Quarrying’ sector is estimated to grow by 1.5 per cent as compared to growth of 1.3 per cent in 2018-19. The key indicators of Mining sector, namely, production of Coal, Crude Oil and Natural Gas registered growth rates of (-) 5.3 per cent, (-) 5.9 per cent and (-) 2.6 per cent, during April-November, 2019-20 as compared to 9.0 per cent, (-) 3.6 per cent and (-) 0.7 per cent respectively, during April-November, 2018-19. IIP of metallic minerals grew at 13.7 per cent during April-October, 2019-20  as compared to 2.6 per cent during same period in 2018-19.

 

Manufacturing

8.         GVA at Basic Prices for 2019-20 from ‘Manufacturing’ sector is estimated to grow by 2.0 per cent as compared to growth of 6.9 per cent in 2018-19.  The Private Corporate sector growth in the Manufacturing sector for 2019-20 is estimated using latest available information on major Listed Companies during first half of financial year 2019-20. The Private Corporate sector growth (which has a share of over 75 per cent in the Manufacturing sector) was estimated from available data of Listed Companies with BSE and NSE. The Quasi – Corporate and Unorganized segment (which has a share of over 20 per cent in the Manufacturing sector) has been estimated using IIP of Manufacturing which registered a growth of 0.6 per cent during April-October, 2019-20.

 

Electricity, Gas, Water Supply and Other Utility Services

9.         GVA at Basic Prices for 2019-20 from ‘Electricity, Gas, Water Supply and Other Utility Services’ sector is expected to grow by 5.4 per cent as compared to growth of 7.0 per cent in 2018-19. Estimate of IIP of Electricity compiled for 2019-20 has been used for compilation.  IIP of Electricity registered a growth rate of 1.6 per cent during April-October, 2019-20.

 

Construction

10.      GVA at Basic Prices for 2019-20 from ‘Construction’ sector is expected to grow by 3.2 per cent as compared to growth of 8.7 per cent in 2018-19. Key indicators of Construction sector, namely, Production of Cement and Consumption of Finished Steel registered growth rates of (-) 0.02 per cent and 3.5 per cent respectively during April-November, 2019-20.

 

 

Trade, Hotels and Transport & Communication and Services related to Broadcasting

11.                            The estimated growth in GVA for the Trade, Hotels, Transport and Communication and Services related to Broadcasting services during 2019-20 is placed at 5.9 per cent as against growth of 6.9 per cent in the previous year. GVA from Trade sector is estimated using an index of turnover based on Sales Tax. With introduction of GST, Sales Tax data is now subsumed under GST.  Therefore, a comparable estimate of turnover based on Sales Tax has been estimated. Methodology of estimation is as explained in the Annexure to the Press Note on estimates of GDP for the second quarter (July-September) of 2017-18 released on 30th November, 2017. The key indicators of Railways, namely, the Net Tonne Kilometres and Passenger Kilometres have shown growth rate of (-)4.1 per cent and (-)0.9 per cent respectively during April-November, 2019-20. Among the other transport service sectors, Cargo handled at major Sea Ports, Cargo handled by the Civil Aviation, Passengers handled by the Civil Aviation and Sales of Commercial Vehicles registered a growth of 0.2 per cent, (-)7.9 per cent, 1.8 per cent and (-) 22.1 per cent respectively during April-November, 2019-20.

 

Financial, Real Estate and Professional Services

12.       The estimated growth in GVA for this sector during 2019-20 is placed at 6.4 per cent as compared to growth of 7.4 per cent in 2018-19.  Major component of this industry is the Real Estate and Professional Services which has a share of over 75 per cent. The key indicators of this sector are the growth of Corporate Sector for Real Estate sector and Computer related activities which are estimated using latest available information on Listed Companies for the first half of financial year 2019-20. Aggregate Bank Deposits and Bank Credits have shown growth rates of 10.3 per cent and 8.9 per cent respectively as on October, 2019.

 

Public Administration and Defence and Other Services

13.       GVA at Basic Prices for 2019-20 from this sector is expected to grow by 9.1 per cent as compared to growth of 8.6 per cent in 2018-19. The key indicator of this sector namely, Union Government Expenditure Net of Interest Payments grew by 17.8 per cent during April-November, 2019-20.

 

Per Capita Income

14.       The Per Capita Income in real terms (at 2011-12 prices) during 2019-20 is likely to attain a level of ₹96,563 as compared to ₹92,565 for the year 2018-19. The growth rate in Per Capita Income is estimated at 4.3 per cent during 2019-20, as against 5.6 per cent in the previous year.

 

B.      ESTIMATES AT CURRENT PRICES

 

15.     Price Indices used as Deflators

The Wholesale Price Index (WPI), in respect of the groups – Food Articles, Manufactured Products, Electricity and all Commodities, has risen by 8.0 per cent, 0.3 per cent, (-) 0.3 per cent and 1.4 per cent, respectively during April-November, 2019-20. The Consumer Price Index (CPI) has shown a rise of 3.7 per cent during April-November, 2019-20.

 

Gross Domestic Product

16.       GDP is derived by adding Taxes on Products net of Subsidies on Products to GVA at Basic Prices. GDP at Current Prices in the year 2019-20 is likely to attain a level of ₹204.42 lakh crore, as against ₹190.10 lakh crore in 2018-19 showing a growth rate of 7.5 per cent.

 

National Income

17.       The nominal Net National Income (NNI), also known as National Income (at Current Prices) is likely to be ₹181.10 lakh crore during 2019-20, as against ₹168.37 lakh crore for the year 2018-19. In terms of growth rates, the National Income registered a growth rate of 7.6 per cent in 2019-20 as against the previous year’s growth rate of 11.3 per cent.

 

Per Capita Income

18.       The Per Capita Net National Income during 2019-20 is estimated to be ₹1,35,050 showing a rise of 6.8 per cent as compared to ₹1,26,406 during 2018-19 with the growth rate of 10.0 per cent.

 

C. ANNUAL ESTIMATES OF FINAL EXPENDITURES OF GDP, 2019-20

19.       Along with the First Advance Estimates of GVA at Basic Prices by economic activity, the First Advance Estimates of Expenditures of the GDP at Current and Constant (2011-12) Prices are also released. These estimates have been compiled using the data from the same sources as those used for compiling GVA estimates by economic activity, detailed data available on Merchandise Trade in respect of Imports and Exports, Balance of Payments, and Expenditure of Central and State Governments.  As various components of Expenditure on Gross Domestic Product, namely, Consumption Expenditure and Capital Formation, are normally measured at Market Prices, the discussion in the following paragraphs is in terms of Market Prices only.

 

Private Final Consumption Expenditure

20.       Private Final Consumption Expenditure (PFCE) at Current Prices is estimated at ₹123.07 lakh crore in 2019-20 as against ₹112.90 lakh crore in 2018-19. At Constant (2011-12) Prices, the PFCE is estimated at ₹84.81 lakh crore in 2019-20 as against ₹80.17 lakh crore in 2018-19. In terms of GDP, the rates of PFCE at Current and Constant (2011-12) Prices during 2019-20 are estimated at 60.2 per cent and 57.4 per cent, respectively, as against the corresponding rates of 59.4 per cent and 56.9 per cent, respectively in 2018-19.

 

Government Final Consumption Expenditure

21.       Government Final Consumption Expenditure (GFCE) at Current Prices is estimated at ₹24.34 lakh crore in 2019-20 as against ₹21.35 lakh crore in 2018-19. At Constant (2011-12) Prices, the GFCE is estimated at ₹16.65 lakh crore in 2019-20 as against ₹15.06 lakh crore in 2018-19. In terms of GDP, the rates of GFCE at current and constant (2011-12) prices during 2019-20  are estimated at 11.9 per cent and 11.3 per cent, respectively, as against the corresponding rates of 11.2 per cent and 10.7 per cent, respectively in 2018-19.

 

Gross Fixed Capital Formation

22.       Gross Fixed Capital Formation (GFCF) at Current Prices is estimated at ₹57.42 lakh crore in 2019-20 as against ₹55.70 lakh crore in 2018-19. At Constant (2011-12) Prices, the GFCF is estimated at ₹45.93 lakh crore in 2019-20 as against ₹45.48 lakh crore in 2018-19. In terms of GDP, the rates of GFCF at Current and Constant (2011-12) prices during 2019-20 are estimated at 28.1 per cent and 31.1 per cent, respectively, as against the corresponding rates of 29.3 per cent and 32.3 per cent, respectively in 2018-19.

 

23.       Estimates of Gross/Net National Income and Per Capita Income along with GVA at Basic Prices by kind of economic activity and the Expenditures of GDP for the years 2017-18, 2018-19 and 2019-20 at Constant (2011-12) and Current Prices are given in Statements 1 to 4.

 

24.       The release of Second Advance Estimates of National Income for the year 2019-20 and quarterly GDP estimate for the third quarter (October-December), 2019-20 (Q3 of 2019-20) will be on 28.02.2020.

 

 

STATEMENT 1: First Advance Estimates of National Income and Expenditures on GDP, 2019-20

( At 2011- 12 Prices)                                  ( crore)
(

S. No

Item 2017-18 2018-19 2019-20 Percentage change over previous year
(PE) (1st  AE) 2018-19 2019-20
  Domestic Product        
1 GVA at Basic Prices 12,104,165 12,906,936 13,540,380 6.6 4.9
2 Net Taxes on Products 1,075,693 1,170,650 1,238,499 8.8 5.8
3 GDP (1+2) 13,179,857 14,077,586 14,778,879 6.8 5.0
4 NDP 11,676,896 12,474,945 13,097,584 6.8 5.0
  Final Expenditures          
5 PFCE 7,417,489 8,016,674 8,480,699    
6 GFCE 1,378,563 1,506,035 1,664,514    
7 GFCF 4,136,572 4,548,452 4,592,664    
8 CIS 150,417 157,637 161,225    
9 VALUABLES 192,120 174,780 198,356    
10 Exports of Goods and Services 2,607,310 2,933,969 2,874,795    
11 Imports of Goods and Services 3,083,560 3,557,901 3,347,131    
12 Discrepancies 380,947 297,939 153,756    
13 GDP 13,179,857 14,077,586 14,778,879    
  RATES TO GDP          
14 PFCE 56.3 56.9 57.4    
15 GFCE 10.5 10.7 11.3    
            16 GFCF 31.4 32.3 31.1    
17 CIS 1.1 1.1 1.1    
18 VALUABLES 1.5 1.2 1.3    
19 Exports of Goods and Services 19.8 20.8 19.5    
20 Imports of Goods and Services 23.4 25.3 22.6    
21 Discrepancies 2.9 2.1 1.0    
22 GDP 100.0 100.0 100.0    
  NATIONAL PRODUCT          
23 GNI 13,034,121 13,932,287 14,630,421 6.9 5.0
24 NNI 11,531,159 12,329,646 12,949,125 6.9 5.0
 Per Capita Income, Product and Final Consumption    
25 Population* (in million) 1316 1332 1341    
26 Per Capita GDP (₹) 100,151 105,688 110,208 5.5 4.3
27 Per Capita GNI (₹) 99,043 104,597 109,101 5.6 4.3
28 Per Capita NNI (₹) 87,623 92,565 96,563 5.6 4.3
29 Per Capita PFCE (₹) 56,364 60,185 63,242 6.8 5.1
* Relates to mid-financial year

PE: Provisional Estimates; AE: Advance Estimates

 

 

 

STATEMENT 2: First Advance Estimates of National Income and Expenditures on GDP, 2019-20

  ( At Current Prices) ( crore)
S.No Item 2017-18 2018-19 2019-20 Percentage change over previous year
  (PE) (1st AE) 2018-19 2019-20
Domestic Product      
1 GVA at Basic Prices 15,482,715 17,199,815 18,502,193 11.1 7.6
2 Net Taxes on Products 1,612,290 1,810,349 1,940,040 12.3 7.2
3 GDP (1+2) 17,095,005 19,010,164 20,442,233 11.2 7.5
4 NDP 15,313,286 17,030,846 18,313,040 11.2 7.5
Final Expenditures          
5 PFCE 10,083,121 11,290,029 12,307,193    
6 GFCE 1,885,613 2,134,615 2,434,175    
7 GFCF 4,896,813 5,569,998 5,742,431    
8 CIS 173,890 187,671 197,966    
9 VALUABLES 218,706 193,992 217,077    
10 Exports of Goods and Services 3,210,547 3,752,230 3,771,459    
11 Imports of Goods and Services 3,758,519 4,493,933 4,338,020    
12 Discrepancies 384,835 375,562 109,953    
13 GDP 17,095,005 19,010,164 20,442,233    
RATES TO GDP          
14 PFCE 59.0 59.4 60.2    
15 GFCE 11.0 11.2 11.9    
16 GFCF 28.6 29.3 28.1    
17 CIS 1.0 1.0 1.0    
18 VALUABLES 1.3 1.0 1.1    
19 Exports of Goods and Services 18.8 19.7 18.4    
20 Imports of Goods and Services 22.0 23.6 21.2    
21 Discrepancies 2.3 2.0 0.5    
22 GDP 100.0 100.0 100.0    
  NATIONAL PRODUCT          
23 GNI 16,910,192 18,816,538 20,239,374 11.3 7.6
24 NNI 15,128,474 16,837,219 18,110,180 11.3 7.6
25 GNDI 17,315,933 19,237,943 20,668,980 11.1 7.4
26 NNDI 15,534,214 17,258,624 18,539,786 11.1 7.4
 Per Capita Income, Product and Final Consumption    
27 Per Capita GDP(₹) 129,901 142,719 152,440 9.9 6.8
28 Per Capita GNI (₹) 128,497 141,265 150,927 9.9 6.8
29 Per Capita NNI (₹) 114,958 126,406 135,050 10.0 6.8
30 Per Capita GNDI (₹) 131,580 144,429 154,131 9.8 6.7
31 Per Capita PFCE (₹) 76,619 84,760 91,776 10.6 8.3

PE: Provisional Estimates; AE: Advance Estimates

 

 

 

 

 

STATEMENT 3: First Advance Estimates of GVA at Basic Prices by Economic Activity

(At 2011-12 Prices)
                                   ( crore)
Industry 2017-18 2018-19

(PE)

2019-20

( 1st AE)

Percentage change over previous year
2018-19 2019-20
1. Agriculture, Forestry & Fishing 1,803,039 1,855,632 1,907,605 2.9 2.8
2. Mining & Quarrying 365,677 370,564 376,119 1.3 1.5
3. Manufacturing 2,176,923 2,328,040 2,374,176 6.9 2.0
4. Electricity, Gas, Water Supply & other Utility Services 267,720 286,427 301,966 7.0 5.4
5. Construction 969,194 1,053,901 1,087,210 8.7 3.2
6. Trade, Hotels, Transport, Communication and Services related to Broadcasting 2,312,214 2,471,128 2,616,095 6.9 5.9
7.  Financial,  Real Estate  &  Professional  Services 2,649,146 2,846,393 3,027,407 7.4 6.4
8.  Public Administration, Defence  and other Services 1,560,252 1,694,851 1,849,803 8.6 9.1
 GVA  at  Basic Prices 12,104,165 12,906,936 13,540,380 6.6 4.9

 

 

PE: Provisional Estimates; AE: Advance Estimates

 

 

 

 

STATEMENT 4:  First Advance Estimates of GVA at Basic Prices by Economic Activity

(At Current Prices)
( crore)
Industry 2017-18 2018-19

(PE)

2019-20

( 1st AE)

Percentage change over previous year
2018-19 2019-20
1. Agriculture, Forestry & Fishing 2,670,147 2,775,852 3,047,187 4.0 9.8
2. Mining & Quarrying 351,058 410,151 403,436 16.8 -1.6
3. Manufacturing 2,542,089 2,818,218 2,882,958 10.9 2.3
4. Electricity, Gas, Water Supply & other Utility Services 423,089 479,871 502,917 13.4 4.8
5. Construction 1,213,628 1,376,293 1,439,892 13.4 4.6
6. Trade, Hotels, Transport, Communication and Services related to Broadcasting 2,823,263 3,151,709 3,391,278 11.6 7.6
7.  Financial,  Real Estate  &  Professional  Services 3,252,789 3,666,326 3,944,979 12.7 7.6
8.  Public Administration, Defence  and other Services 2,206,652 2,521,395 2,889,546 14.3 14.6
GVA at Basic Prices 15,482,715 17,199,815 18,502,193 11.1 7.6

 

PE: Provisional Estimates; AE: Advance Estimates

 

Click here to see in PDF Format

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VRRK/AK

 

Vice President asks scientists to find long-term solutions to farmers’ problems

The Vice President of India, Shri M. Venkaiah Naidu today called upon the scientific community to find long-term solutions to the problems faced by farmers and improve crop productivity and farmers’ income. He also wanted scientists to explore ways to make crops climate-resilient, nutrition-efficient and less water consuming.

He was delivering the Valedictory address at the 107th Indian Science Congress at the University of Agricultural Sciences, Bengaluru. The Chief Minister of Karnataka, Shri B.S. Yediyurappa, the General President, Indian Science Congress Association, Prof. K.S. Rangappa, the Vice-Chancellor of University of Agricultural Sciences, Bengaluru, Dr. S. Rajendra Prasad and other dignitaries were present on the occasion.

The Vice President said that global warming and climate change were affecting the weather patterns in an unpredictable manner and causing massive devastation at times. He sought to know from the scientists whether the problems faced by farmers due to nature’s fury could be mitigated.

Calling for concerted efforts, Shri Naidu emphasized upon the critical role of technology in enhancing both the quality and quantity across the agriculture value chain from the use of inputs at the pre-production stage to post-production and marketing to improve the income of farmers.

The Vice President, while noting how technology was making our lives more comfortable, said that at the same time new challenges were arising. He said science must find solutions to problems like increasing urbanization, pollution, urban-rural divide, growing antibacterial resistance, genetic & non-communicable diseases and water scarcity, among others.

Urging schools to lay the foundation for the spread of a strong scientific culture in the country, he stressed that such a foundation would become the basis for creating an ecosystem for creativity and innovation to thrive.

“The need of the hour is to foster the spirit of inquisitiveness, curiosity and scientific temper right from the primary school level”, he said.

Observing that there was a crying need for our universities and scientific institutions to promote R & D on a big scale, the Vice President called for expanding the academia-industry linkage to promote research and innovation in a big way. Technological innovation was a key driver in boosting economy, improving people’s lives and enabling better delivery of services he added.

“India like no other country has a huge demographic dividend and can emerge as the innovation and knowledge if our universities and scientific institutions invest more on R & D and significantly the raise the standards of research”, Shri Naidu stressed.

The Vice President also urged the corporate India to develop a symbiotic partnership with the universities and to identify and fund a dozen futuristic projects.

Opining that India was surging forward with renewed vigour and enthusiasm, the Vice President said that it must leverage the demographic opportunity with science and technology playing a leading role in driving the economic and social development in order to make the country a $ 5 trillion economy.

Shri Naidu lauded the government initiatives such as Make in India, Digital India and Start-Up India that promote indigenous manufacturing, empower people digitally and wealth-creation through innovation. He wanted senior scientists to mentor and hand-hold the young ones to benefit from such schemes and realize their scientific and entrepreneurial potential.

While addressing the gathering, the Chief Minister of Karnataka, Shri B.S. Yediyurappa said that the farming community must be given utmost priority in scientific innovations so that farmers will get benefitted. He urged the scientific community to include social angle in their science research. He congratulated the University for Agricultural Research, Bengaluru for successfully conducting the mega science event.

The Vice President presented the Indian Science Congress Association (ISCA) Awards, Young Scientist Awards and Best Poster Awards to the winners on this occasion.

 

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Vice President asks scientists to find long-term solutions to farmers’ problems

The Vice President of India, Shri M. Venkaiah Naidu today called upon the scientific community to find long-term solutions to the problems faced by farmers and improve crop productivity and farmers’ income. He also wanted scientists to explore ways to make crops climate-resilient, nutrition-efficient and less water consuming.

He was delivering the Valedictory address at the 107th Indian Science Congress at the University of Agricultural Sciences, Bengaluru. The Chief Minister of Karnataka, Shri B.S. Yediyurappa, the General President, Indian Science Congress Association, Prof. K.S. Rangappa, the Vice-Chancellor of University of Agricultural Sciences, Bengaluru, Dr. S. Rajendra Prasad and other dignitaries were present on the occasion.

The Vice President said that global warming and climate change were affecting the weather patterns in an unpredictable manner and causing massive devastation at times. He sought to know from the scientists whether the problems faced by farmers due to nature’s fury could be mitigated.

Calling for concerted efforts, Shri Naidu emphasized upon the critical role of technology in enhancing both the quality and quantity across the agriculture value chain from the use of inputs at the pre-production stage to post-production and marketing to improve the income of farmers.

The Vice President, while noting how technology was making our lives more comfortable, said that at the same time new challenges were arising. He said science must find solutions to problems like increasing urbanization, pollution, urban-rural divide, growing antibacterial resistance, genetic & non-communicable diseases and water scarcity, among others.

Urging schools to lay the foundation for the spread of a strong scientific culture in the country, he stressed that such a foundation would become the basis for creating an ecosystem for creativity and innovation to thrive.

“The need of the hour is to foster the spirit of inquisitiveness, curiosity and scientific temper right from the primary school level”, he said.

Observing that there was a crying need for our universities and scientific institutions to promote R & D on a big scale, the Vice President called for expanding the academia-industry linkage to promote research and innovation in a big way. Technological innovation was a key driver in boosting economy, improving people’s lives and enabling better delivery of services he added.

“India like no other country has a huge demographic dividend and can emerge as the innovation and knowledge if our universities and scientific institutions invest more on R & D and significantly the raise the standards of research”, Shri Naidu stressed.

The Vice President also urged the corporate India to develop a symbiotic partnership with the universities and to identify and fund a dozen futuristic projects.

Opining that India was surging forward with renewed vigour and enthusiasm, the Vice President said that it must leverage the demographic opportunity with science and technology playing a leading role in driving the economic and social development in order to make the country a $ 5 trillion economy.

Shri Naidu lauded the government initiatives such as Make in India, Digital India and Start-Up India that promote indigenous manufacturing, empower people digitally and wealth-creation through innovation. He wanted senior scientists to mentor and hand-hold the young ones to benefit from such schemes and realize their scientific and entrepreneurial potential.

While addressing the gathering, the Chief Minister of Karnataka, Shri B.S. Yediyurappa said that the farming community must be given utmost priority in scientific innovations so that farmers will get benefitted. He urged the scientific community to include social angle in their science research. He congratulated the University for Agricultural Research, Bengaluru for successfully conducting the mega science event.

The Vice President presented the Indian Science Congress Association (ISCA) Awards, Young Scientist Awards and Best Poster Awards to the winners on this occasion.

 

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Special Drive to Remove Speed Breakers from National Highways

A special drive has been initiated for removal of all sorts of speed breakers on National Highways. The step comes in a bid to ensure smooth and hassle-free traffic movement, especially at toll plazas. With the effective implementation of FASTag on toll plazas and conversion of cash toll lanes to FASTag lanes, the speed breakers/ rumble strips constructed at toll plazas are being removed with immediate effect for smooth vehicular movement.

Roads of different categories and under different situations are designed for designated speeds at which vehicles can travel with convenience and safety.  At certain locations, control of speed becomes necessary to promote orderly traffic movement and improved safety.  Considering the fact that National Highways are designed to cater to high speed traffic without any hindrance, the drive to remove speed breakers from national highways under the jurisdiction of National Highway Authority of India (NHAI).

The speed breakers result in considerable delay, damage to the vehicles and significant discomfort to vehicle occupants and more fuel consumption due to acceleration and deceleration.  This initiative will save time, money and facilitate smooth vehicular movement especially to ambulances, elderly and unwell people commuting on National Highways. In the larger context, this will also ensure avoidable wastage of transportation fuel for which country is heavily import-dependent, and will also result in lesser pollution.

Electronic Toll Collection through FASTag has been implemented from 15th December 2019 to provide commotion-free movement on highways.  Positive effects of ETC are being realized by the commuters on toll plazas.  Introduction of speed breakers-free highways is another step in commitment to provide safe, smooth and seamless journey to commuters on National Highways.

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Steep reduction in pendency of Vigilance complaints

There has been a steep reduction in the pendency of vigilance complaints in the last few years under the Modi Government. Union Minister of State (Independent Charge) Development of North Eastern Region (DoNER), MoS PMO, Personnel, Public Grievances, Pensions, Atomic Energy and Space, Dr Jitendra Singh was briefed about the status, including pendency and disposal, of Vigilance cases in the Central Vigilance Commission, for which DoPT (Department of Personnel & Training) is the administrative Ministry.

Vigilance Commissioner Shri Sharad Kumar, who is presently officiating as Central Vigilance Commissioner (CVC), met Dr Jitendra Singh here yesterday and gave him an update about the current status of pendency and disposal of vigilance cases in the Commission.

The Minister was informed that there has been a steep reduction in the pendency of vigilance cases from an average of 3,000 in the last three preceding years to 876 in 2019, of which 683 pertain to December, 2019. A large number of old pending cases of over 5 to 10 years’ duration were reviewed and most of the cases were disposed of, thereby drastically reducing pendency from 1,500 cases of the last three years to about 950 at the end of December 2019.

 

 

Shri Sharad Kumar also gave an update about the functioning of the Advisory Board on banking frauds, which was constituted in August 2019. The important purpose of the Board is to address fear psychosis of bank officials and to insulate honest decisions from investigation by probe agencies.

 

The recent achievements in the working of the Vigilance Commission include launch of a robust and comprehensive online reporting mechanism for Chief Vigilance Officers of various Ministries/Departments/Organizations under the Commission. This new mechanism has enabled a more focused and timely review of vigilance and anti-corruption cases in various wings and departments of the Central government organizations. In addition, Preventive Vigilance booklet has been brought out with the objective to share the case studies on systematic initiatives/improvements undertaken.

Dr Jitendra Singh was also updated about the functioning of the e-office which was introduced with effect from 1st November 2019.

 

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A Kiosk is set up for reading Preamble and obtain Certificate

In continuation of year long activities being undertaken to create awareness on the Citizens Duties, the Department of Justice, Government of India is participating in New Delhi World Book Fair, 2020 at Pragati Maidan, New Delhi from 04th January, 2020 to 12th January, 2020. A Stall (No 4 and 5 in Hall No. 8-11) on “Constitution and Citizens’ Duties” has been set up in this World Book Fair organized by National Book Trust for the above period. The Stall displays “Digital Exhibition” that includes facts relating to Constitution, Constituent Assembly, excerpts of speeches of the founding members of the Constituent Assembly.

 

A “Kiosk” for reading of Preamble has been set up to extol all especially children to read the Preamble and obtain a certificate of reading the Preamble.

 

A quiz competition on “Constitution and Citizens Duties” will be organized for school children on 7th and 9th January, 2020 in the Theme pavilion in World Book Fair, Pragati Maidan with exciting prizes.

A Preamble & Fundamental Duties Wall has been placed outside the main hall and another prominent place so that public at large could read the Preamble and Fundamental Duties know more about the Constitution and show their commitment to the Preamble & Fundamental Duties enunciated in the Indian Constitution.

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Department of Justice organizes Quiz & Talk competition on ‘Constitution and Fundamental Duties’

The Department of Justice (DoJ), Government of India has organized a Quiz and Talk competition on the theme of ‘Constitution and Fundamental Duties’, here today, at the Theme Pavilion – Gandhi Hall (Hall no. 7E), New Delhi World Book Fair 2020, Pragati Maidan. The event was held in collaboration with the Delhi State Legal Services Authority.

Three schools namely, DPS R K Puram, LBS R K Puram and Shaheed Major Ashok Sehrawat Government Senior Secondary School, Mahipalpur – with a total of 62 students participated in the event. The school children and audience members were given books as prizes, along with Fundamental Duties Badges made by DoJ. Each participating school and DLSA were presented with Fundamental Duties posters created by DoJ.

 

The audience consisted of students as well as general public who were keenly interested in the topic of the quiz contest and talk held at the event.

 

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I&B Minister Shri Prakash Javadekar confers First Antarrashtriya Yoga Diwas Media Samman to 30 media houses

The Minister for Information and Broadcasting, Environment, Forests and Climate Change, Shri Prakash Javadekar, today conferred the First Antarrashtriya Yoga Diwas to 30 media organizations, at an event in National Media Centre, New Delhi.

 

Addressing the gathering, Shri Javadekar described the award as a unique honour to media organizations that contributed to the spread of Yoga for the benefit of society. Appreciating the efforts of various media organizations, the Minister said that this event, the first of its kind, also marks a new trend of recognition of the endeavour of media organizations that go beyond news, views and advertisements, and work in mission mode for the larger benefit of society.

 

Shri Javadekar recalled that Lokmanya Tilak had launched the newspaper “Kesari” as a medium to generate awareness towards “Swarajya”. Today, he said, media organizations are creating greater public awareness towards “Suraaj” – where good healthcare, education, and civic amenities are available to all. He described this as a sign of India’s mature democracy.

 

Shri Javadekar described Yoga as the biggest key to preventive healthcare. Shri Javadekar mentioned that Yoga – an Indian brand – has gained global respect due to the vision and efforts of Prime Minister Narendra Modi. He recalled that the United Nations supported with overwhelming majority, India’s proposal for an International Day of Yoga. The Minister congratulated and thanked both the awardees and the Jury members.

 

Speaking on the occasion, the Union Minister of State (Independent Charge) for AYUSH, Shri Shripad Yesso Naik, congratulated the I&B Minister Shri Prakash Javadekar for the successful conduct of this new initiative of Yoga Diwas Media Samman. He described Yoga as an ancient heritage of our civilization, through which one can attain mental and physical well-being.

 

In his address, the Chairman of the Jury, and Chairman, Press Council of India, Justice C.K. Prasad, described Yoga as an investment with zero risk and considerable benefit. Earlier, in his welcome address, Shri Vikram Sahay, Joint Secretary in the Ministry of Information and Broadcasting, said that these awards are an attestation of the strong belief in the freedom of press, and the crucial role which media plays in disseminating information and creating awareness among the people on various aspects of social and public life.

 

Secretary, Information and Broadcasting, Shri Ravi Mittal, Additional Secretary Shri Atul Tiwari, and several other senior officials of the Ministries of I&B, and AYUSH, were present on the occasion.

 

Awardees

The awards were given in three categories. The list of awardees is as follows:

 

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Shri Amit Shah releases a book ‘Karmayoddha Granth’, on the life of Prime Minister Shri Narendra Modi

“A ‘Karmayoddha’ is man with a beating heart for people, a statesman, a hard task master, an able administrator and an ideal leader who leads by example. All these qualities have been personified by Shri Narendra Modi”, said Union Minister for Home Affairs, Shri Amit Shah while releasing a book ‘Karmayoddha Granth’, on the life of Prime Minister Shri Narendra Modi, in New Delhi today.

 

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Shri Shah talked about the three parts of PM’s life starting from the phase of dedicating his life to an ideology; entering politics on the ideals of the sangathan; and finally, upholding the tenets of Parliamentary Democracy and the Constitution of India to construct an ideal State. Today, PM has transformed into a global leader without accreting anything for himself. Shri Narendra Modi is the epitome of selfless service to the Nation, he said.

Talking about the journey of his life, Home Minister said that Modiji saw a childhood devoid of luxury, full of poverty, disadvantages and neglect from society transformed into a leader who dedicated his life towards the welfare of the people, without keeping any ill-feeling for anyone in the society. He further said that Modiji resurrected the Gujarat BJP organization from scratch and transformed it into a living organism that brought an ideology which was dedicated to service of the people into party politics, Shri Shah added.

The Home Minister narrated the challenges faced by Shri Modi, from natural calamities to social upheavals, while he was the CM of Gujarat and how he surmounted each one of them to transform the state by creating the ‘Gujarat model’, an example of equitable development and growth. Shri Modi laid the foundation of the New India based on ‘Sabka Saath, Sabka Vikas’, from Gujarat. He brought the concept of ‘Jan Samvad’ in good governance, which was above partisan politics. The people of India recognised the Gujarat model of development and chose Modiji as the fit candidate to lead the Nation.

Shri Shah noted that the Modi government inherited a governance setup that was plagued with corruption of more than Rs. 12 lakh crores and from 2014, corruption worth not even a penny was allowed to take place in this government. On the other hand, he recounted the initiatives taken by Modi government for 60 crore poor people of the country and said that in the last 5 years, 13 crore people got LPG connections, 99% of homes got electricity, almost every household has toilets and Universal health care worth Rs. 5 lakhs under Ayushman Bharat benefitting 50 crore people, among others. Working on the Antyodaya ideology, the Modi government is committed to give houses for everyone by 2022 and piped drinking water for everyone by 2024, he added.

 

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Shri Shah said that the Modi goverment has worked in the direction of destroying stereotypes – Neta vs Babu, Rural vs Urban development and Industrial vs Agricultural development. This government has ensured equitable growth and development in all sectors, he added.

Talking about building a strong image of India globally, Shri Shah said that Modiji revamped India’s Foreign policy and National Security policy by delinking the two. India emerged as a strong Nation on the global front while making its stance clear that India would not take attacks on itself lying down. India has emerged as a global power by taking bold decisions, including removal of Article 370, 35A in J&K, bringing Citizenship Amendment Act 2019, resolution of Ram Mandir issue, criminalising Triple Talaq, conducting surgical strikes and Balakote airstrikes, which nobody dared in last 70 years, he said.

The Home Minister talked about the three curses of Indian politics that Modiji removed after 2014 which included appeasement politics, casteism and nepotism. He said that this government works on efficiency and by keeping welfare of the people as the guiding principle, rather than vote bank politics. India has for long not seen a leader before Shri Modi taking strong decisions, in interest of the Nation and its people, without fearing backlash. He has also worked to bring recognition to Indian languages mainly Hindi around the world, Shri Shah concluded.

 

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2nd National GST Conference held for streamlining GST system

The 2nd National GST Conference of the Commissioners of State Tax and Chief Commissioners of Central Tax was held here today under the chairmanship of Dr Ajay Bhushan Pandey, Revenue Secretary, Ministry of Finance.

The multi-faceted Conference was focused on brainstorming session for streamlining Goods and Services Tax (GST) system and plugging revenue leakages. This was the 2nd edition of all India Conference where both tax administrations came together formally to build synergy and to share their knowledge and best practices with intent to bring about uniformity in tax administrations.

During the Conference, deliberations were held on a mechanism and machinery for disseminating inter-departmental data among various agencies like GSTC, CBDT, CBIC, FIU, DoR, DGGI and State Tax Administrations etc. in order to achieve efficiency in curbing evasion and augment revenue collection.

Various presentations were made in the conference, notably, Commissioner (Investigation), CBIC presented an overview of fake/fraudulent ITC; DG, DRI, presented few novel cases unearthed by them, including a case having Pan-India operation and methodology to curb misuse of refund of ITC/IGST; DG, ARM, presented use of data analytics, artificial intelligence and machine learning for early identification of fraudulent practices needing enforcement action to bring a focused approach to the evaders without bringing inconvenience to the genuine taxpayers. CBDT and FIU-India made their presentations on exchange of data and disseminating STR for curbing evasion.

GST policy Wing, CBIC, presented ways to bridge the compliance gap and enhancing revenue, which would result in recovering unmatched credit, reviewing refunds, management of non-filers, reporting of electronic invoice to GST system and comprehensive and coordinated audit.

After the day-long in-depth deliberations, the following measures were decided for necessary action:

  1. To constitute a Committee of Centre and State officers to examine and implement quick measures in a given time frame to curb fraudulent refund claims including the inverted tax structure refund claims and evasion of GST. The Committee will come out with detailed SoP within a week, which may be implemented across the country by January end.
  2. Considering fraudulent IGST refund claims, it was explored to link foreign exchange remittances with IGST refund for risky and new exporter.
  3. All major cases of fake Input Tax Credit, export/import fraud and fraudulent refunds shall also be compulsorily investigated by investigation wing of the Income Tax Department.
  4. MoU would be signed among CBDT, CBIC and GSTN to exchange data through API, from CBDT to GSTN and CBIC and vice-versa. It was decided that this data should be shared on quarterly basis, instead of being shared on yearly basis.
  5. To explore access to banking transactions including the bank account details by GST system, in consultation with RBI and NPCI. Suggestions were also received to make GST system aligned with FIU for the purpose of getting bank account details and transactions and also PAN based banking transaction.
  6. To share data of cases involving evasion and fraudulent refund detected by CBIC with CBDT and vice versa, so that proper profiling of these fraudsters could also be done.
  7. It was also suggested to provide a single bank account for foreign remittance receipt and refund disbursement.
  8.  A self-assessment declaration to be prescribed by suitable amendments in GSTR Forms in case of closure of businesses.
  9. To undertake verification of unmatched Input Tax Credit availed by taxpayers.

The Central Tax Zonal office of Mumbai and Vadodara also made presentations regarding best practices being followed by them in compliance management and revenue augmentation in their respective tax administrations. Later Gujarat and Andhra Pradesh also presented the best practices adopted by them.

The approach of strengthening enforcement through data exchange, sharing knowledge and best practices for a common national goal that leads to enhanced compliance management and revenue augmentation and at the same time ensuring that genuine taxpayers are not harassed was welcomed by all.

All Chief Commissioners of Central Tax Zones, State Commissioners of State Taxes, Directors General of CBIC, members of CBIC, Chairman, CBDT along with his team of Senior officers, Director of FIU-India along with his team of Senior officers, senior officers of the CBIC and Department of Revenue, technical team of GSTN led by EVP GSTN and officers from the GST Council Secretariat etc. participated in the Conference.

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BBI amends the Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016

The Insolvency and Bankruptcy Board of India (IBBI) notified the Insolvency and Bankruptcy Board of India (Liquidation Process) (Amendment) Regulations, 2020 on 6th January 2020.

The amendment clarifies that a person, who is not eligible under the Code to submit a resolution plan for insolvency resolution of the corporate debtor, shall not be a party in any manner to a compromise or arrangement of the corporate debtor under section 230 of the Companies Act, 2013. It also clarifies that a secured creditor cannot sell or transfer an asset, which is subject to security interest, to any person, who is not eligible under the Code to submit a resolution plan for insolvency resolution of the corporate debtor.

The amendment provides that a secured creditor, who proceeds to realise its security interest, shall contribute its share of the insolvency resolution process cost, liquidation process cost and workmen’s dues, within 90 days of the liquidation commencement date. It shall also pay excess of realised value of the asset, which is subject to security interest, over the amount of its claims admitted, within 180 days of the liquidation commencement date. Where the secured creditor fails to pay such amounts to the Liquidator within 90 days or 180 days, as the case may be, the asset shall become part of Liquidation Estate.

The amendment provides that a Liquidator shall deposit the amount of unclaimed dividends, if any, and undistributed proceeds, if any, in a liquidation process along with any income earned thereon into the Corporate Liquidation Account before he submits an application for dissolution of the corporate debtor. It also provides a process for a stakeholder to seek withdrawal from the Corporate Liquidation Account.

The amended regulations are effective from 6th January 2020. These are available at www.mca.gov.in and www.ibbi.gov.in.

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